0246 GMT - Sembcorp Industries looks well-positioned to capture various opportunities, OCBC Investment Research says in a note. These opportunities include energy transition, greater artificial intelligence usage and industrial realignment, the OCBC team says. Going forward, the Singapore-listed energy, water and urban development group's renewables segment is likely to grow, the team says. Drivers are full-year contribution of assets acquired during the year and commissioning of greenfield projects, it adds. OCBC raises the stock's fair value estimate to S$7.20 from S$6.70 with an unchanged buy rating. Shares are 0.8% higher at S$6.08. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 27, 2025 21:46 ET (02:46 GMT)
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